Friedkin Group reach agreement to buy Everton

Everton have announced the Friedkin Group has reached agreement to purchase Farhad Moshiri's majority stake in the club.

The group, led by American billionaire Dan Friedkin, had entered a period of exclusivity to negotiate a possible purchase in June, before Everton announced in July that no deal would be struck between the parties.

John Textor, who has a 45% share in Crystal Palace, had then appeared to be in the frame, but a statement from Everton on Monday said: "Blue Heaven Holdings and the Friedkin Group confirm that they have reached agreement over the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club.

"The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority."

A spokesperson for The Friedkin Group said: "We are pleased to have reached an agreement to become custodians of this iconic football club.

"We are focused on securing the necessary approvals to complete the transaction. We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock."

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